Why is tardeo so expensive?

Limited land supply and moderate construction pipelines drive prices high in these locations. Anarock added that no localities in Bengaluru or Hyderabad figured in the top 10 list. The country’s most aspirational and expensive locations are their exclusive playgrounds,” Puri concluded.

Which is the most expensive residential area in India?

1. Tardeo, South Mumbai. Tardeo is the most expensive luxury residential location in India. Luxury properties here start from an average price tag of ₹56,200 per sq ft.

Is tardeo a posh area?

While Tardeo ranks high on the list of India’s most expensive property, neighbourhoods from Chennai, Hyderabad, Bangalore, Delhi and Pune also make it to the list. “However, when it comes to the resale luxury market, areas like Nepean Sea Road, Altamount Road and Cuffe Parade are a lot costlier than Tardeo.”

Why is housing so expensive in Mumbai?

A combination of factors such as distance from the prime South city centres to the suburbs, coupled with lack of robust infrastructure connecting these places, has led to prices surging in the prime city centres and the immediate peripheries such as Prime North (Bandra-Juhu) and South Central (Byculla-Chembur).

Which is the most Porsche area in India?

Malabar Hill is not just Mumbai’s but India’s most exclusive residential address, where most of the residents are billionaires and millionaires. Apart from luxurious condos and penthouses, the hillock area also has few marquee properties priced at Rs 300 crores and above.

Where are the rich areas in India?

Top 10 Richest Cities In India

• Mumbai – City Of Dreams.
• Delhi – Multicultural Hub Of India.
• Kolkata – Talent Hub Of India.
• Bengaluru – Silicon Valley Of India.
• Chennai – Detroit Of South Asia.
• Hyderabad – City Of Pearls.
• Pune – Oxford Of The East.
• Ahmedabad – Textile Hub Of India.

Why is land so costly in India?

Mr. Parekh has also blamed faulty land policy and politicians for having created artificial land scarcity in the country, which has led to unjustifiably high land prices. As he says, “A lot of politics is also involved. The lengthy approval process is another key reason why land prices remain so high.